KRE, IBTI: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR S&P Regional Banking ETF, where 7,200,000 units were destroyed, or a 9.7% decrease week over week. Among the largest underlying components of KRE, in morning trading today Silvergate Capital is up about 7.1%, and First Republic Bank is lower by about 1.1%.
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